Harbour Energy (LON:HBR) Stock Price Up 1.7% - Should You Buy?

Harbour Energy plc (LON:HBR - Get Free Report) shares were up 1.7% on Thursday . The company traded as high as GBX 213.45 ($2.89) and last traded at GBX 210.40 ($2.85). Approximately 3,782,200 shares changed hands during trading, a decline of 58% from the average daily volume of 9,097,188 shares. The stock had previously closed at GBX 206.80 ($2.80).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their target price on shares of Harbour Energy from GBX 360 ($4.87) to GBX 260 ($3.52) and set a "buy" rating for the company in a research report on Friday, March 14th.

Harbour Energy Price Performance

The company's 50-day moving average price is GBX 176.80 and its two-hundred day moving average price is GBX 210.86. The company has a market cap of £3.73 billion, a P/E ratio of 65.40, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75.

Insider Transactions at Harbour Energy

In other news, insider Alexander Krane acquired 9,644 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of GBX 179 ($2.42) per share, for a total transaction of £17,262.76 ($23,372.27). Also, insider Louise Hough acquired 12,116 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average price of GBX 176 ($2.38) per share, for a total transaction of £21,324.16 ($28,871.05). In the last 90 days, insiders purchased 41,760 shares of company stock valued at $7,418,692. Insiders own 64.08% of the company's stock.

About Harbour Energy

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.